Equinix Says It's Too Early For AI Projections: Analyst Changes Bullish Rating
Portfolio Pulse from Priya Nigam
Equinix shares dropped after a disappointing analyst day, with management suggesting a deceleration from current elevated levels. Analyst Timothy Horan downgraded the rating for Equinix from Outperform to Perform, while keeping the price target unchanged at $768.
June 22, 2023 | 4:35 pm
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NEGATIVE IMPACT
Equinix shares declined after a disappointing analyst day, with Timothy Horan downgrading the rating from Outperform to Perform, keeping the price target at $768.
Equinix's disappointing analyst day led to a downgrade in rating by Timothy Horan, which negatively impacted the stock price. The downgrade suggests that the stock may underperform in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100